AUSTIN, Texas (AP) -- Hanger Orthopedic Group Inc. said Friday it is shortening its name to Hanger Inc.
It said shareholders approved the change at its annual meeting on May 10. The change is effective immediately. Its stock ticker symbol remains "HGR."
Hanger said the change reflects its business growing to include more rehabilitation services and products over the years. Hanger is the largest U.S. distributor of orthotic and prosthetic devices and the largest operator of rehabilitation centers for people with braces or prosthetics. The company is named for James Edward Hanger, the first amputee of the Civil War.
Shares of Hanger rose 43 cents to $23.20 in afternoon trading.